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The weighted average spread for cat bonds has fallen to 4.91 percent at the end of H1 2018, after a brief increase to 5.10 percent at the end of 2017.
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Tony Belisle has bought a further 500,000 depositary interests in the new class C shares of the firm’s London-listed Reinsurance Opportunities Fund.
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Three-year returns from the London-listed Reinsurance Opportunities fund run by Markel Catco dipped below a level that could have triggered a continuation vote being put to shareholders in 2018.
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Beat Capital Partners is merging with Paraline UK, owner of the Icat Lloyd’s syndicate 4242.
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RenaissanceRe CEO Kevin O’Donnell told analysts: “It feels like the wind is at our backs again.” -
This came as a reduction to net losses from 2017 catastrophes boosted quarterly results for the reinsurer.
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As Florida’s first hurricane in a decade, Irma was always going to throw a few curveballs to the insurance industry even if it wasn’t “the big one”.
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So who might buy in next? That will be the question Nephila’s peers will be wondering as it emerged that the Bermudian is looking for new investors to buy into its management company.
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Private and public deals give the nearly $700mn total for on-risk Limestone funds.
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Arch-backed Watford Re may be poised for an IPO following Watford Holdings’ announcement that it is considering becoming a publicly-traded company.
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The fundraise comes as the firm is hiring to expand its ILS strategy.
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The Bermuda-listed vehicle was established with $45mn raised from investors, with the remaining $5mn coming from the insurer itself.
